MARKET & ECONOMY​

The award-winning in-store recycling machine, Looop, first cleans the old material, followed by shredding and spinning it into yarn which is used to knit a new product. Looop is the winner of the Fast Company’s 2021 World Changing Ideas Awards.

The lockdown seems to have encouraged more Indians to invest in knitwear. The domestic sales volume of Tirupur’s garment makers was Rs 300 billion during the last fiscal. This was higher than the region’s export values.